Scotiabank & Trust (Cayman) Ltd. launches Scotia Private Client Group Thursday in the Cayman Islands, leveraging Scotiabank’s global operations to offer investment advice, trust services, private banking and insurance.
‘Scotia Private Client Group offers high net worth clients access to specialized and tailored wealth management solutions,’ said Dan Wright, senior vice-president, International Wealth, Scotiabank. ‘We are pleased to enhance Scotiabank’s offerings across the Caribbean, Central and Latin America, leveraging the expertise of the Scotiabank Group, including Scotiatrust, Scotia Capital and Private Banking to create customised and integrated financial solutions for our clients.’
The expansion reflects Scotiabank’s retail footprint in the region. Having already launched Scotia Private Client Group services in the Bahamas, the Cayman Islands announcement is the most recent in a series of planned Private Client Group launches, states a press release.
‘Scotiabank has served the needs of our customers in Cayman Islands since 1968,’ said Farried Sulliman, managing director, Scotiabank & Trust (Cayman) Ltd. ‘In today’s global landscape, it’s important for us to be able to serve more complex financial needs on an international level, and now, with the addition of Scotia Private Client Group, we can do just that.’
The Scotia Private Client business model for the Caribbean, Central and Latin America will be similar to the one used in Canada, where integrated services are offered through teams of specialists at distinct locations, outside the Bank’s network of branches. Clients deal directly with trained relationship managers who tailor resources and solutions to meet their individual needs.
Scotiabank has been part of the Caribbean and Central America region since 1889 when the bank opened an office in Kingston, Jamaica. Some 118 years later, Scotiabank is the leading bank in the region, with operations in 24 countries, including affiliates. Scotiabank is the only Canadian bank with operations in four of the seven Central American countries, namely Costa Rica, Belize, Panama and El Salvador. The bank employs 11,237 people in the region and serves more than 2 million customers. The bank has 380 branches and operates about 852 automated banking machines throughout the region.
Scotiabank is one of North America’s premier financial institutions and Canada’s most international bank. With more than 58,000 employees, Scotiabank Group and its affiliates serve approximately 12 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking. With $412 billion in assets (as at April 30, 2007), Scotiabank trades on the Toronto and New York Exchanges (BNS). For more information visit www.scotiabank.com.
For more information contact Bruce John, centre director at (345) 914-6274 or [email protected].
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